[Crypto and Stock Briefing] Cryptocurrencies and stocks collectively decline... Exchange and mining stocks also weaken simultaneously

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Bitcoin Falls to the $79k Range

As of 8:05 a.m. on May 16, Bitcoin is priced at $79,038, down 2.51% from the previous trading day.

The decline slightly widened from the 2.01% drop the day before, and the weak trend continues.

Coinbase and Strategy Decline Simultaneously

Strategy closed at $177.42, down 5.11%.

Coinbase closed at $195.43, down 7.82%.

Robinhood closed at $77.14, down 4.41%.

Block closed at $70.36, down 1.64%, performing relatively better.

Mining stocks generally weakened… decline widened

Marathon Digital at $12.44, down 6.40%.

CleanSpark closed at $13.11, down 6.22%.

Riot Platforms at $23.49, down 4.59%.

Bit Digital plummeted 15.26%, with a particularly notable decline.

Hive down 9.43%, Iren down 9.35%.

Hut 8 down 6.31%, TeraWulf down 7.66%.

Core Scientific down 2.85%, performing relatively better.

Cipher Mining at $20.33, down 8.79%.

Japan’s Metaplanet rises… some stocks rebound

Metaplanet closed at 328 yen, up 6.15%.

Nakamoto up 1.90%, showing limited rebound.

Overall, amid the weakening of crypto stocks, only some individual stocks are rising.

Article summary by TokenPost.ai🔎 Market Analysis: Affected by Bitcoin’s decline, the overall crypto stock market weakens.💡 Strategy Highlights: During increased volatility, focus on large-cap stocks for response.📘 Terminology Explanation: Mining stocks refer to companies related to Bitcoin mining revenue.

TokenPost AI Notes: This article is summarized using the TokenPost.ai basic language model. The main content may be incomplete or inconsistent with facts.

BTC-2.8%
COIN-8.14%
HOOD-4.54%
MARA-6.36%
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